Alignment Healthcare, Inc. (ALHC), a fast-growing Medicare Advantage company, produced strong revenue and adjusted EBITDA results in Q1. That may be the underlying reason for the huge, unusual ALHC call option activity today.
ALHC is at $16.44 in midday trading, well below its April 30 peak of $22.50 (before the after-market Q1 earnings release). Some institutional investors may be taking advantage of this drop by buying large amounts of call options.
